Michigan Financial Planner Salary

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Financial Advisor Salary in Michigan

 

According to the U.S. Bureau of Labor Statistics, there were 3,090 personal financial advisors working in Michigan in 2010.

The annual mean wage of personal financial advisors in Michigan in 2010 was $94,530, while the average among the top 10% was $124,830.

Area name
Employment
Annual mean salary
Ann Arbor, MI
140
$96,160
Detroit-Livonia-Dearborn, MI Metropolitan Division
300
$95,970
Detroit-Warren-Livonia, MI
1,890
$99,070
Flint, MI
130
$99,410
Grand Rapids-Wyoming, MI
200
$97,280
Holland-Grand Haven, MI
Not Released
$97,260
Kalamazoo-Portage, MI
150
$87,640
Lansing-East Lansing, MI
210
$88,680
Saginaw-Saginaw Township North, MI
60
$74,280
South Bend-Mishawaka, IN-MI
70
$113,080
Warren-Troy-Farmington Hills, MI Metropolitan Division
1,590
$99,640
Upper Peninsula of Michigan nonmetropolitan area
60
$62,330
Northwest Lower Peninsula of Michigan nonmetropolitan area
60
$80,580
Balance of Lower Peninsula of Michigan nonmetropolitan area
60
$59,410

Stockbroker Salary in Michigan

 

According to the U.S. Bureau of Labor Statistics, the average salary among the 7,140 stockbrokers in Michigan was $69,270 in 2010. Those that earned salaries within the 75th percentile range made about $83,620 on average while the top 10% averaged $149,240 per year.

Area name
Employment
Annual mean salary
Ann Arbor, MI
310
$66,490
Detroit-Livonia-Dearborn, MI Metropolitan Division
1,160
$63,070
Detroit-Warren-Livonia, MI
3,930
$69,800
Flint, MI
190
$59,520
Grand Rapids-Wyoming, MI
700
$58,730
Holland-Grand Haven, MI
110
Not Released
Lansing-East Lansing, MI
280
$61,110
Monroe, MI
Not Released
$45,250
Muskegon-Norton Shores, MI
50
$98,990
Niles-Benton Harbor, MI
Not Released
$39,580
Saginaw-Saginaw Township North, MI
Not Released
$64,200
South Bend-Mishawaka, IN-MI
190
$66,290
Warren-Troy-Farmington Hills, MI Metropolitan Division
2,770
$72,610
Northeast Lower Peninsula of Michigan nonmetropolitan area
40
$34,790
Northwest Lower Peninsula of Michigan nonmetropolitan area
80
$87,670
Balance of Lower Peninsula of Michigan nonmetropolitan area
260
$88,500

Life/Annuity Producer Salary in Michigan

According to the U.S. Bureau of Labor Statistics, there were 10,430 insurance sales agents employed or self employed in Michigan in 2010. These Insurance producers, many of which acted as financial planners by offering life insurance and annuities, were paid an annual mean wage of $56,400. Those falling within the 75th percentile earned an average of $63,200 annually, while those who earned salaries in the 90th percentile earned $97,980 annually on average.

Area name
Employment
Annual mean salary
Ann Arbor, MI
300
$51,420
Battle Creek, MI
100
$39,400
Bay City, MI
50
$60,350
Detroit-Livonia-Dearborn, MI Metropolitan Division
1,680
$54,860
Detroit-Warren-Livonia, MI
4,320
$63,150
Flint, MI
320
$58,360
Grand Rapids-Wyoming, MI
1,580
$43,560
Holland-Grand Haven, MI
120
Not Released
Jackson, MI
140
$55,300
Kalamazoo-Portage, MI
260
$45,230
Lansing-East Lansing, MI
1,150
$45,130
Monroe, MI
80
$41,040
Muskegon-Norton Shores, MI
110
$52,130
Niles-Benton Harbor, MI
130
$74,830
Saginaw-Saginaw Township North, MI
160
$51,670
South Bend-Mishawaka, IN-MI
420
$48,730
Warren-Troy-Farmington Hills, MI Metropolitan Division
2,640
$68,430
Upper Peninsula of Michigan nonmetropolitan area
310
$44,330
Northeast Lower Peninsula of Michigan nonmetropolitan area
190
$57,920
Northwest Lower Peninsula of Michigan nonmetropolitan area
350
$48,390
Balance of Lower Peninsula of Michigan nonmetropolitan area
680
Not Released

Salary and employment data compiled by the United States Department of Labor’s Bureau of Labor Statistics in May of 2010. These estimates do not include self-employed financial advisors. The Bureau of Labor Statistics always expresses salaries equal to or greater than $166,400 (hourly wage of $80.00) as such and doesn’t provide estimates beyond these totals.